Merewether, NSW
FAIR VALUE10,443 sales · 36 years of data · NSW, Australia
Merewether, NSW Property Market Overview
Merewether, NSW, 2291, is a highly sought-after coastal suburb located in the Newcastle region of New South Wales, not Sydney. With 36 years of recorded property sales data, AusPropertyInsights.app provides an in-depth analysis of this thriving market. The suburb boasts a total of 10,443 recorded sales, demonstrating its consistent activity and desirability.
Currently, Merewether's median property price sits at $1,650,000 for all properties, with houses commanding a higher median of $2,200,000 and apartments at $880,000. Merewether is renowned for its stunning beaches, proximity to Newcastle CBD, and a vibrant community atmosphere, making it a popular choice for families, professionals, and downsizers alike. This coastal lifestyle contributes significantly to the suburb's property values and sustained demand.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Merewether
Top streets in Merewether, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Watkins St | $2,350,000 |
| 2 | Winsor St | $2,337,500 |
| 3 | Buchanan St | $2,438,000 |
| 4 | Hall St | $3,025,000 |
... and 139 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Patrick St | $8,711/m² |
| 2 | Lloyd St | $8,592/m² |
| 3 | Rowlands St | $6,435/m² |
| 4 | Watkins St | $9,004/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Wilton St | +10.3% |
| 2 | Flowerdale Ave | +11.5% |
| 3 | Glebe Rd | +11.5% |
| 4 | Railway St | +12.6% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 25 Llewellyn St | $1,250,000 |
| 2 | 431 Glebe Rd | $1,350,000 |
| 3 | 441 Glebe Rd | $1,308,000 |
| 4 | 29 Llewellyn St | $1,150,000 |
... and 35 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Merewether analysis
143 streets and 39 buildings to explore
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Merewether at a Glance
Merewether, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Merewether, NSW
Living in Merewether offers a relaxed coastal lifestyle with easy access to beautiful beaches and parklands. Merewether Beach is a popular spot for surfing and swimming, while nearby Dixon Park provides green space for recreation. The suburb is well-serviced by schools, including Merewether Public School and Merewether High School, making it an attractive location for families.
Merewether boasts a vibrant community with local cafes, restaurants, and boutique shops. While there isn't a train station directly in Merewether, frequent bus services connect residents to Newcastle Interchange and other surrounding suburbs. The suburb exudes a friendly and welcoming atmosphere, making it a desirable place to call home. Shops like those along Llewellyn Street offer a variety of services and goods.
Who Buys in Merewether?
The buyer profile in Merewether is diverse, reflecting the suburb's range of property types and lifestyle offerings. Families are drawn to Merewether for its excellent schools, parks, and family-friendly atmosphere. Professionals are attracted by the proximity to Newcastle CBD and the coastal lifestyle. The median house price of $2,200,000 suggests a preference for established homes among affluent buyers.
The 25.4% strata ownership indicates a significant proportion of apartment dwellers, including first-home buyers and downsizers seeking low-maintenance living. The historical CAGR figures appeal to buyers seeking long-term capital growth. Merewether attracts buyers who appreciate the coastal lifestyle and strong community feel.
Market Analysis
AusPropertyInsights.app analysis places Merewether's property market near its long-term trend, indicating fair value. This suggests that property prices in Merewether are currently aligned with historical growth patterns and underlying economic fundamentals. The 'fair value' label means that the market isn't currently experiencing significant overvaluation or undervaluation pressures.
For potential buyers and sellers, understanding Merewether's current cycle position is crucial. It provides a benchmark against which to assess potential investment decisions. While the market is currently balanced, it's essential to monitor ongoing trends and economic factors that could influence future price movements in Merewether.
Is Merewether a Good Investment?
Merewether's property market has demonstrated consistent growth over the long term, with a full-period CAGR of 7.7% over the past 36 years. The 10-year CAGR of 8.2% further highlights the suburb's strong performance in recent times. These growth rates are supported by Merewether's desirable coastal location, excellent amenities, and strong community appeal.
Currently, AusPropertyInsights.app identifies Merewether as being near its long-term trend, indicating fair value. This suggests that property prices are aligned with historical growth patterns. Merewether's proximity to Newcastle CBD, coupled with its desirable lifestyle, continues to drive demand and support property values. However, potential buyers should conduct thorough due diligence and consider their individual circumstances before making any decisions. The suburb's desirability contributes to its sustained property value.
Merewether Market Outlook
As of early 2026, Merewether's property market is assessed as being near its long-term trend, indicating fair value. Recent price trends suggest a period of relative stability, following previous periods of strong growth. The demand for properties in Merewether remains strong, driven by its desirable coastal location and lifestyle amenities. Ongoing monitoring of market conditions is essential to assess future trends in Merewether.
Streets & Location in Merewether, NSW
Merewether, postcode 2291, is characterized by a mix of established residential streets and newer developments. Analysis of property prices reveals that Rowan Crescent, Helen Street, and Railway Street are among the top streets by median price in the suburb. Merewether's coastal location and proximity to Newcastle's amenities make it a highly desirable place to live. With a total of 143 streets, Merewether offers a diverse range of property options.
Market Dynamics
Property transactions in Merewether typically take around 50 days to settle, reflecting a relatively efficient market. The quick-flip percentage is not available, but the average settlement timeframe provides an insight into the pace of property sales in the area. This stable settlement period indicates a healthy level of buyer and seller confidence in the Merewether market. Regular monitoring of these dynamics is crucial for understanding market trends.
Development & Density
Merewether features a mix of housing types, from traditional houses to modern apartment complexes. There are 39 apartment buildings in Merewether, contributing to the suburb's overall density. The presence of both houses and apartments caters to a diverse range of residents, including families seeking larger homes and individuals or couples preferring apartment living. The strata percentage of 25.4% indicates a significant proportion of apartment ownership in Merewether.
Growth & Property Mix
Over the past decade, Merewether's property market has experienced a compound annual growth rate (CAGR) of 8.2%. Looking further back, the 20-year CAGR stands at 6.5%, while the full-period CAGR over 36 years is 7.7%. These figures highlight the long-term growth potential of properties in Merewether. The property mix includes both houses and apartments, with apartments representing 25.4% of the market.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.